NASDAQ · ETF
Invest in HYLS ETF from India
Indian and foreign residents can buy First Trust Tactical High Yield ETF (HYLS) units directly through Paasa.
By Paasa · Updated
HYLS at a glance
- Price
- $39.39-$0.05 (0.13%)
- Expense ratio
- 0.69%
- Day range
- $39.22 – $39.55
- Assets
- $1.6B
- Domicile
- the US
- Holdings
- 351
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -2.79%
- 6 months
- -2.35%
- YTD
- -5.99%
- 1 year
- -6.39%
- 5 years
- -18.26%
Price change, excluding dividends.
Top 10 holdings
- 1ROCKET COS INC 6.375%, due 08/01/20331.5%
- 21011778 BC / NEW RED FIN 4%, due 10/15/20301.4%
- 3ONEDIGITAL BORROWER LLC Variable rate, due 07/02/20321.4%
- 4QUIKRETE HOLDINGS INC 6.75%, due 03/01/20331.0%
- 5CLOUD SOFTWARE GRP LLC 9%, due 09/30/20291.0%
- 6VIKING OCEAN CRUISES SHIP VII LTD 5.625%, due 02/15/20291.0%
- 7FAIR ISAAC CORP 6%, due 05/15/20331.0%
- 8ECHOSTAR CORP 10.75%, due 11/30/20291.0%
- 9YUM! BRANDS INC 5.375%, due 04/01/20320.9%
- 10ALLIANT HOLD / CO-ISSUER 6.75%, due 04/15/20280.9%
HYLS holds 351 securities in total. These 10 are 11.0% of the fund.
Where the money is invested
Countries
- United States80.3%
- Other11.3%
- Canada2.5%
- United Kingdom1.2%
- Ireland1.1%
- Bermuda1.0%
How to invest in HYLS from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search HYLS and buy
Find the fund by its ticker, HYLS, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in HYLS from India
What HYLS holds
The First Trust Tactical High Yield ETF operates as an actively managed exchange-traded fund (ETF). Its foremost objective is to generate current income, while a secondary goal involves pursuing capital appreciation.
Hold a dollar asset
HYLS is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one HYLS unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy HYLS from India?
Yes. Indian residents can buy First Trust Tactical High Yield ETF (HYLS) through Paasa. It is listed on NASDAQ and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does HYLS invest in?
First Trust Tactical High Yield ETF holds 351 securities. Its largest holdings are ROCKET COS INC 6.375%, due 08/01/2033 (1.5%), 1011778 BC / NEW RED FIN 4%, due 10/15/2030 (1.4%) and ONEDIGITAL BORROWER LLC Variable rate, due 07/02/2032 (1.4%). It is a distributing fund domiciled in the US.
What is the expense ratio of HYLS?
First Trust Tactical High Yield ETF has an expense ratio of 0.69% a year, taken from the fund's assets rather than billed to you. The fund manages about $1.6B.
How are HYLS dividends taxed in India?
First Trust Tactical High Yield ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell HYLS?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one HYLS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $39.39, and there is no minimum trade size.
What happens to my HYLS units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.